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FIAA holds the Annual Assembly Meeting

March 7, 2018
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In March 6th, FIAA held the Annual Assembly Meeting of the Members and conducted election process for three new Board Members including the Appointment of the Chairman of FIAA for the next two years to come.

In his opening speech, the outgoing President of FIAA, Mr. Silvio Pedrazzi highlighted some of the main achievements and challenges he had during his Chairmanship of three years within FIAA and emphasized the importance of the Organization as the best Instrument for the Foreign Investors in Albania. Mr. Pedrazzi did also thank the FIAA members for the support and trust given to him, expressing his will to further continue his mission on representing FIAA as Member of the Board of Directors.

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FIAA cooperates with the World Bank Group

March 2, 2018
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The World Bank Group (WBG) is supporting the Berlin Process and the Trieste Declaration of the WB6 and the EU in the establishment of a regional mechanism to coordinate policies with the goal of increasing investment flows as well as firm level investment leads and commitments within the six Western Balkan economies (WB6) (Albania, Bosnia and Herzegovina, Kosovo, Macedonia (FYROM), Montenegro, Serbia). The six economies have undertaken to identify and eliminate the main obstacles derived from regulations, measures or governmental actions that prevent or hinder the expansion of foreign direct investment within the region.

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Conference on Presentation of the EITI 2016 Report and Promotion of Transparency in Natural Resources Utilization in Albania

March 1, 2018
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The Albanian Secretariat of Extractive Industries Transparency Initiative (EITI) organized on February 28th, 2018 a Conference on “Presentation of the EITI 2016 Report and Promotion of Transparency in the Natural Resources Utilization in Albania”. The publication of the EITI 2016 Annual Report which aims at promoting Transparency in the Governance of Natural Resources in Albania, marks the conclusion of the National Secretariat’s annual activity and it is the result of the cooperation between MSG and Interest Groups. FIAA-s Executive Director, present in this Conference delivered a Message on the importance of the Transparency and Accountability of the use of Natural Resources of the Country as an important factor for the attraction of the Foreign Investors.

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Investment Council discusses the Functioning of the E-Permits Platform in the Framework of the Deregulation Reform

February 14, 2018
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Albanian Investment Council held on 13th of February a Meeting chaired by the Minister of Finance and Economy, Mr Arben Ahmetaj. In the agenda of the meeting was the presentation of the main findings of the Secretariat on the functioning of the e-Permits Platform, as part of the Deregulation Reform, as well as the launching of the process for the preparation of the new unified law on investments by the International Finance Corporation (IFC).

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FIAA Representatives in MSG meets with the Head of Albanian EITI Secretariat

February 14, 2018
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On February 13th, the appointed FIAA representatives in the Multi-Stakeholder Group of Extractive Industry Transparency Initiative (EITI) met with the Head of Albanian EITI Secretariat, Mr. Ardit Kamberi .

The aim of the meeting was to discuss on the perspectives of the objectives of EITI Secretariat and the role of the Private Sector in the process.

Mr. Kamberi praised the commitment shown by the representatives of the companies in the EITI reporting process in Albania, considering this group as an essential pillar of the substantial triangular cooperation (Government Institutions, Companies and Civil Society) in the activity of the Albanian EITI.

The novelty of 2016 EITI’s report is the inclusion of the Energy sector in the EITI reporting process, reconfirming the comprehensive nature of the process in the exploitation of natural resources.

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FIAA’s Chairman has been officially appointed as a Business Member in the Albanian Investment Council for 2018 year

February 7, 2018
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FIAA’s Chairman, for the third time has been officially appointed as a Business Member in the Albanian Investment Council. Investment Council is a platform aiming to support the creation of business enabling environments by promoting better diagnosis of investment climate problems and improved policy design and by strengthening the position of reformers within governments.

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FIAA launches second edition of White Book Albania 2017-2021

February 1, 2018
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Very recently, FIAA launched the second edition of the White Book Albania 2017-2021. The launching took place during the Yearly Ceremony FIAA holds at the beginning of each year. Unlike every year, this time the launching was organized in full cooperation with the Minister of State for Protection of Entrepreneurship in Albania, a newly created institution in support of business. This event brought together a large part of the Foreign Business Community in Albania, representatives of the diplomatic bodies along with several representatives of the state institutions in the country.

White Book’s launching was among the most important events the foreign business community has organized. White Book is a Document which is prepared by the Foreign Investors Association of Albania at the start of each Governing mandate of the Government of Albania. This Document gives an overview of the current situation of the legislative framework and addresses the most common issues faced and communicated by FIAA members in a number of fields such as corporate law, tax Law, Mining, Hydrocarbons and Energy laws as well as specific sectorial issues.  It also treats is deep a significant part of the existing legal framework with the main aim to removing unneeded barriers and make the business environment in Albania easier.

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Friendly Albania towards Business Community

January 7, 2018
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In frame of 100 days of work,  the newly created Ministry of State for Protection of Entrepreneurship organized  in December late a meeting with all groups of interest and business organizations  where was highlighted once more the role of this New Institution  focusing on the compilation of a Package of Concrete Proposals for improving Business Environment in Albania. In this ambit, Ms Marinela Jazoj, at the quality of Executive Director FIAA was a speaker in the Meeting Panel, during which she claimed the collaboration with the New Ministry, in particular its expected role in the publication of FIAA White Book Albania 2017-2021.

During the meeting participants were introduced not only with the work done in handling complaints but also with the concrete proposals the Office of the Minister of State for Protection of Enterprise is going to submit to the Government.

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FIAA participates in the Hydropower Balkans Summit in Podgorica

November 20, 2017
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The Executive Director of FIAA was invited as a speaker and Panel Moderator at the International summit “Hydropower Balkans” which was hold during November 15th-17th, 2017 in Podgorica. The Summit was a professional platform, bringing together major investors in the Energy Sector, Decision-makers of the leading hydropower plants and investment project initiators, as well as regulators, to consolidate efforts focused on efficient implementation of key projects for the construction and reconstruction of HPPs across the Balkan region.

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Foreign Business Community and Government of Albania

November 8, 2017
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“Moving Forward”

Ministers state: Sustainable Investments for Sustainable Development!

FIAA organized an event whereby Albanian Ministers of Infrastructure and Energy Mr. Damian Gjiknuri, Minister of State for Entrepreneurship Mrs. Sonila Qato and Minister for Agriculture and Rural Development Mr. Niko Peleshi presented their sectoral plans at the presence of the foreign business community in Albania and confirmed government’s full commitment to move forward with the improvement of business climate.

In his opening remarks, FIAA’s Chairman, Mr. Silvio Pedrazzi highlighted that Albania should keep up with reforms for a friendly business environment, in particular for the existing foreign investments. “We are willing to commit on our behalf, but this requires a friendlier business environment. We are aware, it is in the Government’ priorities to improve the business climate, but there is need to move forward and speed up with the related reforms. We are the best ambassadors to promote Albanian investments!”- stated Mr. Pedrazzi.

During his word, Minister of Infrastructure and Energy Mr. Gjiknuri highlighted the importance of foreign investments in Albania and the need for sustainable development. The Minister emphasized the importance on foreign investments in Albania, but stressed that the absorption of new investments starts with the treatment of those investors that are currently in the country.

“The Government should play its role through institutional support, by providing incentives in the event of conflicts, or when things are up to Government to solve them on time with the ultimate aim of having a proper investment climate. Albania has great potentials for investments in many areas. Energy is not the only field, although it has been the mainstay of the country’s economy with a large share of foreign investments. I am confident that even in the field of transport in frame of public private partnership for infrastructure including roads, water system or urban waste treatment, Albania has plenty of opportunities and potentials to attract more investments”- stated Minister Gjiknuri.

From the other side, Minister for Entrepreneurship Mrs. Qato presented the role of the Newly created Institution having in focus the protection of Business interests in Albania. The Minister further highlighted that “The Government is planning fiscal incentives to attract new foreign investments. We are focused on improving the situation and building a favorable business climate, undertaking concrete measures, such as: the deregulatory reform and the structural reform of institutions which do directly operate with entrepreneurship”.

Minister of Agriculture and Rural Development Mr. Peleshi emphasized that the Government should continue reforms to build a sustainable investment climate and in particular his institution commits to support and assist all potential investors in agriculture, considering this sector as highly vital and promising for Albania.

“We will convert weaknesses of the agricultural sector into advantages. It is our challenge to draw the attention of foreign and domestic investors into agriculture. This is the indicator of our performance. Supporting the entire value chain of agricultural production for the best performing products, economic support and facilitation of the ministry’s procedures and subordinate agencies are at our focus to bring serious investments to this sector”.

The event was hosted by FIAA Members ALBtelecom sh.a, Intesa Sanpaolo Bank Albania, Vodafone Albania, Statkraft, and Kalo & Associates.

    

    

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